Introduction to Entrepreneurship Ms Stewart Entrepreneurship 12 COPY THE BLUE TEXT

Canada is an Entrepreneurial Hot Bed Women are leading the entrepreneurial charge. “Seniorpreneurs” (those 55+) are one of the fastest growing small business segments. Most of our self-employed (60%) have a post-secondary education.

Canada is an Entrepreneurial Hot Bed About one third of our small business owners are serial entrepreneurs—they own or have owned more than one business. 40% of Canadians think being your own boss is the most rewarding career decision. 80% of all entrepreneurs say that starting a business was their best career decision

What is an Entrepreneur? An entrepreneur is someone who is able to identify opportunities and act upon them. Are entrepreneurs born or made?

Small Business The Numbers 2.5 million Canadians are self-employed The vast majority of employer businesses (98%) have fewer than 100 employees. Most employer business (57%) have only 1 to 4 employees—the so-called micro businesses.

Small Business The Numbers About 75% of small business employees work in the service sector. Almost one-half of our labour force work for small enterprises. Small businesses accounts for about 25% of our Gross Domestic Product—a key measure of economic production.

Business Establishments by Sector and Firm Size Number of Business Establishments Number of EmployeesTotal Goods-Producing Sector Service- Producing Sector ,777146,065443, ,34535,551144, ,56124,483101,078

Small Business Entrepreneurs Are... Entrepreneurs fuel our private enterprise system. Visionary self-starters who love the adventure of a new enterprise. Agents of change with POP. They are Passionate Opportunistic and Persistent Doers, who see a market need and satisfy that need by translating it into a successful business.

Down the road…  You may find yourself working for a large company; or better still owning your own large company. Enter the Intrapreneur

 You are still going to have to foster entrepreneurship  Making change in a large company is called Intrapreneurship.  As an intrapreneur you will have to stimulate, empower, and reward your employees to be entrepreneurial, and:  Find opportunities  Take risks  Brainstorm for new ideas  Set goals  Take ownership Enter the Intrapreneur